Manado, North Sulawesi (ANTARA News) - Bank Mandiri Tbk. is seeking to be the third best bank in Southeast Asia before 2014, the bank`s director said.

"Most of the best banks are in Singapore. So we wish Mandiri to become a first-rate bank in the region," the bank`s director for treasury, financial institution and special asset management, Royke Tumilaar, said at a general lecture at Sam Ratulangi University here on Friday.

To achieve that position he said Bank Mandiri has already taken various efforts which are in essence aimed at developing the bank in all aspects to become the best.

"Mandiri right now is conducting the next or the second phase of transformation from 2010 to 2014 and our wish is becoming an an admired institution because it shows progressive development," he said.

He said to achieve progressive development Bank Mandiri is focussing on three things namely wholesale transactions from upstream to downstream meaning the bank would not only focus on big companies but also on their suppliers and distributors.

"Mandiri also focuses on retail payment by increasing public service networks such as the number of its automatic teller machines (ATM) to more than 8,000 units at present and they will not only be set up at branch levels and below them as well," he said.

Royke said the third focus is retail financing to the middle and low levels as these sectors have proven resilient against crisis.

"Right now we have set up 1,500 mini-offices in the micro-sector and this is all done with the aim of improving retail financing," he said.

Royki is optimistic the three focuses could be implemented consistently and grow well, so that before 2014 the bank`s goal to become a regional bank in Asia would be achieved.

To accelerate the achievement he said Bank Mandiri would continue to increase its market capitalization from right now at around Rp14 trillion to Rp20 trillion before 2014.

Bank Mandiri is now one of renowned banks in Indonesia providing services to corporate, commercial, retail, consumer finance, treasury, financial institution and special asset management segments.

The bank has several subsidiaries to support its main business namely Mandiri Sekuritas (capital market service), Bank Syariah Mandiri (shariah-based banking service), AXA-Mandiri Financial Service (insurance), Bank Sinar Harapan Bali (small and medium business service) and Mandiri Tunas Finance (financing service).

The bank until June 2011 has 26,327 employees, 1,442 branches and seven branch/representative/subisidiary offices abroad.

Bank Mandiri`s distribution services are completed with 61,664 units of electronic data capture network and electronic channels covering mobile, internet banking, SMS banking and call center 14000.

(SYS/H-YH/A014)

Editor: Suryanto
Copyright © ANTARA 2011